09
Apr
Retail developers weren’t interested in this San Marcos vacant lot, so here come new apartments
April 9, 2024
THE SAN DIEGO TRIBUNE
By Phillip Molnar
San Marcos recently approved a new 119-unit apartment complex on a piece of land that had been vacant for decades.
The roughly $35 million Capalina Apartments complex is expected to break ground in the fall and take about 18 months to build. It is the city’s first new apartment project in more than four years.
Developer Jonathan Rilling said the project, in between Capalina and Mission roads, aims to take advantage of its proximity to the Palomar College Sprinter Station (a roughly 10-minute walk) and strong demographics — college students and working families.
“This is a prime residential location,” he said Monday, “near job centers, educational hubs and transit.”